2024-08-13
One way of ensuring that we "will own nothing and be" well, perhaps not exactly "happy" might be to create a "Great Reset" of all the financial markets.
All the "too big to fail" banks (that would have failed) get to "bail in" all their customers' account balances. Corporations who can no longer roll over their loans would be bankrupted and their stock values would evaporate.
Couldn't possibly happen? Well, not one might think within a soundly constructed financial system. But in a fractional reserve system where seemingly everybody relies on never having to meet all of their liabilities simultaneously ...
" ... how will our politicians react if China ... unleashes its currency and demand evaporates from under Western stocks and bonds while the cost of “Made in China” goes through the roof faster than the price of free renewable energy ... ?"
